Cobalt International Energy, Inc. 4
4 · Cobalt International Energy, Inc. · Filed Feb 22, 2016
Insider Transaction Report
Form 4
Painter James H.
Exec. V.P., Gulf of Mexico
Transactions
- Sale
Common Stock
2016-02-19$2.18/sh−5,879$12,816→ 1,319,714 total - Award
Restricted Stock Units
2016-02-18+179,303→ 179,303 total→ Common Stock (179,303 underlying)
Footnotes (3)
- [F1]The sale price is a weighted average sale price that represents the sale of these shares of Common Stock at prices ranging from $2.15 to $2.28, inclusive. These shares were sold pursuant to a 10b5-1 plan. The reporting person undertakes to provide upon request by the SEC staff, the Issuer or any security holder of the Issuer, full information regarding the number of shares of Common Stock sold at each separate price within the ranges set forth in this footnote (1).
- [F2]The reporting person was awarded the reported securities under the Issuer's 2015 Long Term Incentive Plan (the "Plan"). Each restricted stock unit represents a contingent right to receive one share of Common Stock, the cash equivalent of Common Stock or a combination thereof, at the Issuer's election.
- [F3]The restricted stock units will vest one-third (1/3) on each of March 1, 2017, March 1, 2018 and March 1, 2019, subject to the terms of the award agreement under the Plan.